Equitrans Midstream, Builder of MVP, Considers Selling Itself
Although we should have expected this, the news that Equitrans Midstream, builder of the 303-mile Mountain Valley Pipeline (MVP) project, is looking at possibly selling itself comes as a gut punch. We suppose it hits us that way because we feel as though we’ve been in the trenches with Equitrans from the beginning, fighting to get MVP completed. Equitrans was birthed just five years ago. As the company closes in on finishing and launching MVP, and as its CEO (since it was founded) is about to retire at the end of the year (see Equitrans CEO Stepping Down with $7.5M Bonus for Finishing MVP), we suppose it’s an opportune time for the company to explore selling itself. That’s the rumor people either in the organization or close to it are whispering to Bloomberg. Loose lips sink ships.
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